Summer Special Limited Time 60% Discount Offer - Ends in 0d 00h 00m 00s - Coupon code: 8w52ceb345

Two patties have discussed the feasibility of executing a highway project, and a study has...

Two patties have discussed the feasibility of executing a highway project, and a study has proven that It will be profitable and beneficial to the public. A contract has been entered into between the two parties for execution of the work. A disagreement emerges at this point/ with no sign of resolution In sight. One party suggests arbitration as a way to resolve the Issue. However, the second party rejects t on the basis that arbitration is not addressed in the contract and therefore cannot be used as a resolution tool.

Which of the following statements explains whether the second party is correct?

A.

Yes, because arbitration should be Included as a mandatory clause in the contract.

B.

Yes, because a contract clause should call for mandatory arbitration at one party's discretion, at the very least.

C.

No, because whether both parties agree or not, even without a mandatory clause in the contract, arbitration can be sought.

D.

No, because If a contract clause calls for mandatory arbitration at one party's discretion, the other party has to also agree to the process.

NPPE PDF/Engine
  • Printable Format
  • Value of Money
  • 100% Pass Assurance
  • Verified Answers
  • Researched by Industry Experts
  • Based on Real Exams Scenarios
  • 100% Real Questions
buy now NPPE pdf
Get 60% Discount on All Products, Use Coupon: "8w52ceb345"